The Europe Digital Utility Market would witness market growth of 10.0% CAGR during the forecast period (2023-2030).
Digital utility applications provide consumers with insights into their energy usage patterns. Interactive platforms, mobile apps, and online portals empower consumers to make informed decisions about energy consumption, leading to increased energy efficiency. The solutions enhance billing transparency by providing consumers with detailed and accurate information about their energy usage. Clear and understandable billing statements contribute to customer satisfaction and trust. Utilities can use customer engagement platforms to promote energy conservation programs, incentivizing consumers to adopt sustainable practices. This may include time-of-use pricing, energy efficiency tips, and rewards for reducing peak demand.
The technologies are applied to water management, allowing utilities to detect leaks in distribution systems. Advanced sensor networks and data analytics help identify and locate leaks promptly, minimizing water losses and infrastructure damage. In agricultural settings, digital utility solutions support the development of smart irrigation systems. These systems optimize water usage based on real-time weather conditions and soil moisture levels, promoting conservation. As electric vehicles (EVs) become more prevalent, digital utility technologies are essential for managing EV charging infrastructure. Smart charging solutions optimize charging schedules, balance the load on the grid, and support the integration of renewable energy sources. It enables grid-responsive charging, adjusting EV charging rates based on grid conditions.
According to the International Energy Agency, as part of the France 2030 investment plan, the French government intends to invest EUR 1.2 billion in research and development to create a low-carbon airplane and EUR 2.5 billion to support the production of about two million electric and hybrid vehicles. Continuous advancements in electric vehicle technology, including improvements in battery technology, longer driving ranges, and faster charging capabilities, make EVs more attractive to consumers in France. Urban mobility initiatives, such as promoting electric public transportation and car-sharing programs, contribute to the overall growth of the electric vehicle industry in France. Thus, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Digital Utility Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,633.1 million by 2030. The UK market is registering a CAGR of 9% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 10.8% during (2023 - 2030).
Free Valuable Insights: The Global Digital Utility Market will Hit $380.9 Billion by 2030, at a CAGR of 10.2%
Based on Technology, the market is segmented into Hardware, and Integrated Solutions. Based on Network, the market is segmented into Generation, Transmission & Distribution, and Retail. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Cognizant Technology Solutions Corporation
- Accenture PLC
- Capgemini SE
- ABB Ltd.
- General Electric Company
- Siemens AG
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- IBM Corporation
Europe Digital Utility Market Report Segmentation
By Technology
- Hardware
- Integrated Solutions
By Network
- Generation
- Transmission & Distribution
- Retail
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Digital Utility Market, by Technology
1.4.2 Europe Digital Utility Market, by Network
1.4.3 Europe Digital Utility Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan – 2023, Nov) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Europe Digital Utility Market, By Technology
5.1 Europe Hardware Market, By Country
5.2 Europe Integrated Solutions Market, By Country
Chapter 6. Europe Digital Utility Market, By Network
6.1 Europe Generation Market, By Country
6.2 Europe Transmission & Distribution Market, By Country
6.3 Europe Retail Market, By Country
Chapter 7. Europe Digital Utility Market, By Country
7.1 Germany Digital Utility Market
7.1.1 Germany Digital Utility Market, By Technology
7.1.2 Germany Digital Utility Market, By Network
7.2 UK Digital Utility Market
7.2.1 UK Digital Utility Market, By Technology
7.2.2 UK Digital Utility Market, By Network
7.3 France Digital Utility Market
7.3.1 France Digital Utility Market, By Technology
7.3.2 France Digital Utility Market, By Network
7.4 Russia Digital Utility Market
7.4.1 Russia Digital Utility Market, By Technology
7.4.2 Russia Digital Utility Market, By Network
7.5 Spain Digital Utility Market
7.5.1 Spain Digital Utility Market, By Technology
7.5.2 Spain Digital Utility Market, By Network
7.6 Italy Digital Utility Market
7.6.1 Italy Digital Utility Market, By Technology
7.6.2 Italy Digital Utility Market, By Network
7.7 Rest of Europe Digital Utility Market
7.7.1 Rest of Europe Digital Utility Market, By Technology
7.7.2 Rest of Europe Digital Utility Market, By Network
Chapter 8. Company Profiles
8.1 Cognizant Technology Solutions Corporation
8.1.1 Company overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Product Launches and Product Expansions:
8.1.4.2 Acquisition and Mergers:
8.1.5 SWOT Analysis
8.2 Accenture PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Capgemini SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.3.4.2 Acquisition and Mergers:
8.3.5 SWOT Analysis
8.4 ABB Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Siemens AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Microsoft Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Oracle Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.6 SWOT Analysis
8.9 SAP SE
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.6 SWOT Analysis
8.10. IBM Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional & Segmental Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Acquisition and Mergers:
8.10.6 SWOT Analysis
TABLE 1 Europe Digital Utility Market, 2019 - 2022, USD Million
TABLE 2 Europe Digital Utility Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Digital Utility Market
TABLE 4 Product Launches And Product Expansions– Digital Utility Market
TABLE 5 Acquisition and Mergers– Digital Utility Market
TABLE 6 Europe Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 7 Europe Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 8 Europe Hardware Market, By Country, 2019 - 2022, USD Million
TABLE 9 Europe Hardware Market, By Country, 2023 - 2030, USD Million
TABLE 10 Europe Integrated Solutions Market, By Country, 2019 - 2022, USD Million
TABLE 11 Europe Integrated Solutions Market, By Country, 2023 - 2030, USD Million
TABLE 12 Europe Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 13 Europe Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 14 Europe Generation Market, By Country, 2019 - 2022, USD Million
TABLE 15 Europe Generation Market, By Country, 2023 - 2030, USD Million
TABLE 16 Europe Transmission & Distribution Market, By Country, 2019 - 2022, USD Million
TABLE 17 Europe Transmission & Distribution Market, By Country, 2023 - 2030, USD Million
TABLE 18 Europe Retail Market, By Country, 2019 - 2022, USD Million
TABLE 19 Europe Retail Market, By Country, 2023 - 2030, USD Million
TABLE 20 Europe Digital Utility Market, By Country, 2019 - 2022, USD Million
TABLE 21 Europe Digital Utility Market, By Country, 2023 - 2030, USD Million
TABLE 22 Germany Digital Utility Market, 2019 - 2022, USD Million
TABLE 23 Germany Digital Utility Market, 2023 - 2030, USD Million
TABLE 24 Germany Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 25 Germany Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 26 Germany Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 27 Germany Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 28 UK Digital Utility Market, 2019 - 2022, USD Million
TABLE 29 UK Digital Utility Market, 2023 - 2030, USD Million
TABLE 30 UK Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 31 UK Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 32 UK Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 33 UK Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 34 France Digital Utility Market, 2019 - 2022, USD Million
TABLE 35 France Digital Utility Market, 2023 - 2030, USD Million
TABLE 36 France Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 37 France Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 38 France Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 39 France Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 40 Russia Digital Utility Market, 2019 - 2022, USD Million
TABLE 41 Russia Digital Utility Market, 2023 - 2030, USD Million
TABLE 42 Russia Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 43 Russia Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 44 Russia Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 45 Russia Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 46 Spain Digital Utility Market, 2019 - 2022, USD Million
TABLE 47 Spain Digital Utility Market, 2023 - 2030, USD Million
TABLE 48 Spain Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 49 Spain Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 50 Spain Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 51 Spain Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 52 Italy Digital Utility Market, 2019 - 2022, USD Million
TABLE 53 Italy Digital Utility Market, 2023 - 2030, USD Million
TABLE 54 Italy Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 55 Italy Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 56 Italy Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 57 Italy Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 58 Rest of Europe Digital Utility Market, 2019 - 2022, USD Million
TABLE 59 Rest of Europe Digital Utility Market, 2023 - 2030, USD Million
TABLE 60 Rest of Europe Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 61 Rest of Europe Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 62 Rest of Europe Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 63 Rest of Europe Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 64 Key Information – Cognizant Technology Solutions Corporation
TABLE 65 Key Information – Accenture PLC
TABLE 66 Key Information – Capgemini SE
TABLE 67 Key Information – ABB Ltd.
TABLE 68 Key Information – General Electric Company
TABLE 69 Key Information – Siemens AG
TABLE 70 Key Information – Microsoft Corporation
TABLE 71 Key Information – Oracle Corporation
TABLE 72 Key Information – SAP SE
TABLE 73 Key Information – IBM Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Digital Utility Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Digital Utility Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan – 2023, Nov) Leading Players
FIG 7 Porter’s Five Forces Analysis – Digital Utility Market
FIG 8 Europe Digital Utility Market share, By Technology, 2022
FIG 9 Europe Digital Utility Market share, By Technology, 2030
FIG 10 Europe Digital Utility Market, By Technology, 2019 - 2030, USD Million
FIG 11 Europe Digital Utility Market share, By Network, 2022
FIG 12 Europe Digital Utility Market share, By Network, 2030
FIG 13 Europe Digital Utility Market, By Network, 2019 - 2030, USD Million
FIG 14 Europe Digital Utility Market share, By Country, 2022
FIG 15 Europe Digital Utility Market share, By Country, 2030
FIG 16 Europe Digital Utility Market, By Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: Cognizant Technology Solutions Corporation
FIG 18 Swot analysis: cognizant technology solutions corporation
FIG 19 SWOT Analysis: Accenture PLC
FIG 20 Recent strategies and developments: Capgemini SE
FIG 21 SWOT Analysis: Capgemini SE
FIG 22 Recent strategies and developments: ABB Ltd.
FIG 23 SWOT Analysis: ABB ltd.
FIG 24 SWOT Analysis: General Electric Company
FIG 25 Recent strategies and developments: Siemens AG
FIG 26 SWOT Analysis: Siemens AG
FIG 27 SWOT Analysis: Microsoft Corporation
FIG 28 SWOT Analysis: Oracle Corporation
FIG 29 SWOT Analysis: SAP SE
FIG 30 Recent strategies and developments: IBM Corporation
FIG 31 SWOT Analysis: IBM Corporation